Nickel waste or scrap750300 (Harmonized System 1992 for 6-digit)
2021 World Trade: $871M, Rnk 2283 / 4641
2021 Top Exporter | Top Importer: $116M | $228M, United Kingdom | United States
2021 Product Complexity: -0.26, Rnk 2889 / 4648
2020 - 2021 Export Growth (CAGR): -2.59%, Rnk 4217 / 4641
2018 Mean Tariff: 2.41%, Rnk 6102 / 6538
2021 Share of World Trade: <0.01%, Rnk 2283 / 4641
Overview This page contains the latest trade data of Nickel waste or scrap. In 2021, Nickel waste or scrap were the world's 2283rd most traded product, with a total trade of $871M. Between 2020 and 2021 the exports of Nickel waste or scrap decreased by -2.59%, from $894M to $871M. Trade in Nickel waste or scrap represent 0.000041% of total world trade.
Nickel waste or scrap are a part of Scrap Nickel.
Exports In 2021 the top exporters of Nickel waste or scrap were United Kingdom ($116M), United States ($77.3M), Russia ($73.4M), Germany ($55.7M), and South Korea ($47.4M).
Imports In 2021 the top importers of Nickel waste or scrap were United States ($228M), Japan ($128M), Germany ($87M), United Kingdom ($85.9M), and India ($52.6M).
Tariffs In 2018 the average tariff for Nickel waste or scrap was 2.41%, making it the 6102nd lowest tariff using the HS6 product classification.
Ranking Nickel waste or scrap ranks 2889th in the Product Complexity Index (PCI).
Description Nickel waste or scrap can be used in many different ways. For example, the nickel can be used for stainless steel production, nickel-cadmium batteries, and to make electric motors.
The following visualization shows the latest trends on Nickel waste or scrap. Countries are shown based on data availability.
For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.
* Using January 2020 exchange rates when trade data is reported in local currency.
Trade By Country
Top Origin (2021): United Kingdom, $116M
Top Destination (2021): United States, $228M
Nickel waste or scrap are the world's 2283rd most traded product.
In 2021, the top exporters of Nickel waste or scrap were United Kingdom ($116M), United States ($77.3M), Russia ($73.4M), Germany ($55.7M), and South Korea ($47.4M).
In 2021, the top importers of Nickel waste or scrap were United States ($228M), Japan ($128M), Germany ($87M), United Kingdom ($85.9M), and India ($52.6M).
Trade by country
Top Origin Growth (2020 - 2021): United Kingdom, $39.3M
Top Destination Growth (2020 - 2021): Japan, $56M
Between 2020 and 2021, the exports of Nickel waste or scrap grew the fastest in United Kingdom ($39.3M), Russia ($30.8M), Saudi Arabia ($22.7M), South Korea ($15.1M), and Singapore ($12.7M).
Between 2020 and 2021, the fastest growing importers of Nickel waste or scrap were Japan ($56M), United States ($47M), United Kingdom ($42.7M), Germany ($16.1M), and India ($14.9M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Nickel waste or scrap.
In 2021, market concentration measured using Shannon Entropy, was 4.84. This means that most of the exports of Nickel waste or scrap are explained by 28 countries.
TOP NET EXPORTER (2021): Russia, $71.1M
TOP NET IMPORTER (2021): United States, $150M
This map shows which countries export or import more of Nickel waste or scrap. Each country is colored based on the difference in exports and imports of Nickel waste or scrap during 2021.
In 2021, the countries that had a largest trade value in exports than in imports of Nickel waste or scrap were Russia ($71.1M), Saudi Arabia ($42.2M), United Kingdom ($30.5M), South Korea ($24.1M), and Singapore ($19M).
In 2021, the countries that had a largest trade value in imports than in exports of Nickel waste or scrap were United States ($150M), Japan ($84.9M), India ($37M), Sweden ($34.5M), and Germany ($31.3M).
This visualization shows the countries that have an important ratio of their trade related to Nickel waste or scrap. It is possible to select the main countries that export or import Nickel waste or scrap in the world, or by continent, as well as select the measure of interest.
The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.
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